What is the gambler’s fallacy? A lesson about probability.

tossing a coin

The gambler’s fallacy is referring to probability and the wrong assumptions. It may lead to erroneous suppositions and bad trading decisions. You must always analyse the market very carefully and avoid any traps that are waiting for you on the chart or in your own mind. So what is the gambler’s fallacy? The gambler’s fallacy … Read more

7 money management tricks to help you survive on the market

money management tricks

Trading is a serious and risky business. When you begin your journey with trading, you must realize there is always risk involved. However, I have some good news for you. There are some tricks that can help you to manage losses and ensure more peace of mind. What are they? Read the article and you … Read more

Hedging, stop losses and risk management. How to fix losing trades

cut your losses

A dream of every trader is to gain a fast and large profit. This is the main goal of trading. You choose a broker, get to know the platform and enter the market in order to win. But you must be prepared that a loss may also occur. It is not possible to win all … Read more

Setting up your trading goals. How to become a consistent trader

Trading goals

A very important task for you as a trader is to define your own trading goals. It will help you to stay on the right track during the journey. Having good goals set strengthens your consistency and discipline. The only catch is to choose correctly. The purpose of today’s article is to explain the importance … Read more

1, 2, 5% – position size in singular fixed time trades trade

Trade size in binary options trading

Trading fixed time trades is a type of trading where you speculate on the price direction. If your predictions were right, you would get a fixed return. If they were wrong, you would lose the invested capital. Some brokers allow, under some restrictions, to close the transaction earlier so you do not lose the whole … Read more